The Wizard In OZ, Nick and the FloBot

A more serious note. The real reason I am here in Oz is because my son, Nick, was diagnosed with Hogkins Lymphoma about a week ago.  We are now at the staging phase of his treatment where they decide how progressed the disease has become and what type of treatment will work the best.  Here in Oz the life is slower and quieter, giving me a lot of time to think about the many things you do when something like this happens.

Having said that, the blog will be taking on a different flavour.  I have said before I don't trade when I am emotionally not 100% but I have to keep working as I will not be able to cope just sitting here....

So..........this leads me to the FloBot

I have been very quiet about the FloBot lately. as you may have noticed. The initial work that Kiki put into the project showed high win rates and profitability, I was amazed.  She tested it on so many markets using identical logic, and the EL orderflow method worked on them all, by only making one basic choice: the range bars that fit the rhythm of that market, and the stops. Because of these results on testing, I've decided to throw some real extra programming resources at it to bring out its full potential.

As I said early in the blog, I have about 18 setups I use. You have seen about 20% of these as Kiki progressed to CP.  Kiki's work convinced me that we should go the way of technology. The power of volume delta added to the setups and context I have developed means that a trader can now trade a large number of markets at a time, taking only the best trades.

I have seen a huge change in the role that traders have had in the markets over the last 30 years.  It seems that the trader's role now is to develop a robust methodology and let the technology do the manual labour, leaving the trader to concentrate on the brainwork. (Kind of like a prop room with computers doing the trading). I turned 64 recently and have realised I cannot keep my focus at 100% one hundred percent of the time, especially now with Nick being ill. On the other hand, I did develop an expert system where I worked at 100% capacity for a couple of months to create it and then can work at a much lower level of concentration while I let the technology execute my EL methodology. BTW, this isn't counting the 30 years of experience and several hundred thousand dollars of losses it took me to get where I now am.

We are in the final testing mode of the EL FloBot logic and I will be showing its trades in this blog. I have included a significant number of the 18 setups and will gradually add more, probably on a continuous basis over several months. There is both entry and exit logic as well as looking at context. The context logic is the most challenging as you will see in the entries taken.

For the next couple of months, while Nick is going through chemo, the blog will show the FloBot logic entries and exits plus some additional manual exits where me, as the trader, exited the trade manually for reasons I will set out. This will be the logic tweaking part of the project with the view to use these manual exits to further enhance the FloBot rules.

I'll also be adding my own comments and thoughts as posts and I will still give explainations on the trades as before. It's my same methodology you have been seeing everyday, only automated. I'll still be answering your questions, maybe not as quickly as before but I'll do my best.

The trades will cover a number of markets that we follow. I will try and pick the most interesting market every day and it will cover the whole 23 hour trading day if that market trades that long. FloBot never sleeps.

I will do my posts after the RTH close every day after 4.15 pm New York time which is now 9.15 pm London time and 8.15 am Sydney time (at this time of the year). I will also show the P and L of the day.

Tom

Here are the trades for the Ides of March. FloBot logic looks robust for the ES. I'll show other markets as the days go on. The last trade was the usual ES opposite trade which is the timeframe traders getting out before the close

Click to enlarge